Triumph Group (NYSE:TGI) Stock Price Down 6.2% – Should You Sell?

Triumph Group, Inc. (NYSE:TGI)’s share price was down 6.2% on Wednesday . The company traded as low as $17.54 and last traded at $17.54. Approximately 132,270 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 383,188 shares. The stock had previously closed at $18.70.

Analyst Upgrades and Downgrades

TGI has been the subject of a number of research analyst reports. Bank of America cut Triumph Group from a “buy” rating to an “underperform” rating and reduced their target price for the company from $17.00 to $12.00 in a report on Tuesday, September 24th. StockNews.com upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. TD Cowen raised Triumph Group to a “hold” rating in a report on Thursday, December 19th. Truist Financial boosted their price objective on Triumph Group from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, Barclays raised their target price on Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $16.78.

Triumph Group Stock Performance

The company’s 50-day simple moving average is $18.43 and its 200 day simple moving average is $15.80. The company has a market cap of $1.41 billion, a PE ratio of 2.68 and a beta of 2.53.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Rhumbline Advisers lifted its holdings in shares of Triumph Group by 1.6% in the 2nd quarter. Rhumbline Advisers now owns 256,020 shares of the aerospace company’s stock valued at $3,945,000 after purchasing an additional 4,075 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Triumph Group during the second quarter worth approximately $41,000. Texas Permanent School Fund Corp increased its holdings in shares of Triumph Group by 20.8% in the 2nd quarter. Texas Permanent School Fund Corp now owns 78,718 shares of the aerospace company’s stock valued at $1,213,000 after acquiring an additional 13,547 shares during the period. Dimensional Fund Advisors LP raised its position in Triumph Group by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,841 shares of the aerospace company’s stock valued at $16,254,000 after purchasing an additional 116,900 shares during the last quarter. Finally, Old West Investment Management LLC grew its position in Triumph Group by 11.8% during the 2nd quarter. Old West Investment Management LLC now owns 41,861 shares of the aerospace company’s stock worth $645,000 after purchasing an additional 4,423 shares during the last quarter. Institutional investors and hedge funds own 94.53% of the company’s stock.

Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aircraft, aircraft components, accessories, subassemblies, and systems worldwide. It operates in two segments, Triumph Systems & Support, and Triumph Interiors. The company offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, control system valve bodies, landing gear actuation systems, electronic engine controls, landing gear components and assemblies, cyber protected process controllers, main engine gearbox assemblies, geared transmissions and drive train components, main fuel pumps, fuel-metering units, primary and secondary flight control systems, and vibration absorbers.